Question:

Discuss any two benefits accruing from human capital formation.

Show Hint

Investing in human capital enhances productivity and drives technological progress, boosting long-term economic development.
Updated On: Jan 31, 2025
Hide Solution
collegedunia
Verified By Collegedunia

Solution and Explanation

Enhanced Productivity: Human capital formation through education, training, and health improves the efficiency and productivity of workers, contributing to economic growth. 
Technological Advancement: A skilled and educated workforce fosters innovation and adoption of advanced technologies, leading to improved industrial and economic performance.

Was this answer helpful?
0
0

Top Questions on Cost Function and Marginal Cost

View More Questions

Questions Asked in CBSE CLASS XII exam

View More Questions